IREDELL COUNTY COUNCIL ON AGING INC (EIN 237322660) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Phone

7048735171

Tax Period

2024-07-01 to 2025-06-30

IREDELL COUNTY COUNCIL ON AGING INC, founded in 1973, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 8% surplus.

Mission

PROGRAMS FOR THE AGED

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $537,718

Program Service Revenue $1,736,301

Investment Income $34

Other Revenue $0

TOTAL REVENUE $2,274,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $557,084

Fundraising Expenses $30,675

Program Expenses $1,985,597

Other Expenses $1,543,029

TOTAL EXPENSES $2,100,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,274,053	$1,760,899	+0.3%
Expenses	$2,100,113	$2,009,372	+0.0%
Net Income	$173,940	$-248,473	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITZIE MCCURDY	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE LALLY	DIRECTOR	0.00	Director	$0	$0	$0
RENEE YOUNG	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA HOKE	DIRECTOR	2.00	Director	$0	$0	$0
KATHY STEPHENS	DIRECTOR	2.00	Director	$0	$0	$0
COURTNEY MCLAIN	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER BARRACLOUGH	EXECUTIVE DIRECTOR	40.00	Key Emp	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2025	$2,274,053	$2,100,113	$1,044,886	$173,940
2024	$1,760,899	$2,009,372	$1,262,879	$-248,473
2023	$1,618,184	$1,918,781	$1,113,333	$-300,597
2022	$1,811,538	$1,739,542	$1,409,806	$71,996
2021	$1,525,820	$1,405,309	$1,315,518	$120,511
2020	$1,530,336	$1,516,346	$1,214,535	$13,990
2019	$1,443,008	$1,447,493	$1,167,553	$-4,485

IREDELL COUNTY COUNCIL ON AGING INC